Quantessence Capital LLC Invests $393,000 in Trimble Inc. (NASDAQ:TRMB)

Quantessence Capital LLC bought a new position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 5,555 shares of the scientific and technical instruments company's stock, valued at approximately $393,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. KBC Group NV increased its position in Trimble by 81.9% during the fourth quarter. KBC Group NV now owns 159,622 shares of the scientific and technical instruments company's stock worth $11,279,000 after buying an additional 71,891 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Trimble by 22.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 750,423 shares of the scientific and technical instruments company's stock valued at $46,594,000 after purchasing an additional 136,452 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Trimble by 5.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 376,368 shares of the scientific and technical instruments company's stock worth $26,560,000 after buying an additional 17,785 shares during the period. Wellington Management Group LLP grew its stake in shares of Trimble by 32.4% in the fourth quarter. Wellington Management Group LLP now owns 22,360 shares of the scientific and technical instruments company's stock valued at $1,580,000 after acquiring an additional 5,472 shares in the last quarter. Finally, Oak Thistle LLC acquired a new position in shares of Trimble during the 4th quarter worth approximately $406,000. 93.21% of the stock is owned by institutional investors and hedge funds.

Trimble Price Performance

NASDAQ TRMB traded up $0.06 during trading on Friday, reaching $61.71. The company's stock had a trading volume of 844,042 shares, compared to its average volume of 1,399,146. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. The firm has a fifty day moving average of $65.32 and a 200 day moving average of $68.80. The stock has a market capitalization of $15.17 billion, a PE ratio of 10.13, a P/E/G ratio of 3.09 and a beta of 1.57. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TRMB shares. StockNews.com cut shares of Trimble from a "strong-buy" rating to a "buy" rating in a research note on Monday, March 3rd. Oppenheimer lifted their price target on shares of Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Finally, Cfra upgraded shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price target for the company in a report on Thursday, February 20th. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $86.00.

Insider Activity

In other news, Director James Calvin Dalton sold 2,141 shares of Trimble stock in a transaction on Monday, February 24th. The shares were sold at an average price of $71.79, for a total transaction of $153,702.39. Following the transaction, the director now owns 10,162 shares in the company, valued at $729,529.98. This trade represents a 17.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total value of $411,048.00. The disclosure for this sale can be found here. Insiders own 0.47% of the company's stock.

Trimble Company Profile

Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company's Buildings and Infrastructure segment offers field and office software for project design and visualization; systems to guide and control construction equipment; software for 3D design and data sharing; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; program management solutions for construction owners; 3D conceptual design and modeling software; building information modeling software; enterprise resource planning, project management, and project collaboration solutions; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; and applications for sub-contractors and trades.